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ING Offers Lower Life Insurance Rates And Better Product Options

ing life insuranceOne of the country's top term life insurance companies, ING Life Companies, has lowered its price for much of its term life insurance product line being sold through ReliaStar Life Insurance Company and ReliaStar Life Insurance Company of New York. This strategic move is in order to help maintain its strength in that category of products. Other changes to the ING TermSmart product line have been made with this same goal and include:
  • offering a 25 year term policy as well as the 10, 15, 20 and 30 year policies already available
  • providing an option to reduce premiums on plans that have a value of $500,000 to $999,999
  • allowing policies to be issued to people up to 5 years older than current guidelines.

The company's American CEO Butch Britton states, "ING remains committed to being a leader in this market. These moves...will help us keep our extremely competitive position and help us provide protection to more middle income Americans." Statistics on the group of companies show that it is the 2nd largest life insurance provider in the country. Some of the other products sold by ING include universal life, indexed universal life, variable universal life and return-of-premium term life.

ING sells their line of insurance products through independent insurance agents and online agents. ING Life Companies provide support in the form of a dedicated web site, online tools and custom marketing tools. They strive to make selling their products an easy undertaking for agents.

TermSmart products can be upgraded to permanent insurance until age 70 or 5 years before your product ends, whichever occurs first.

About The ING Group

Originally a Dutch company, ING is now worldwide. It offers financial products and services to consumers and corporate clients. They have over 85 million clients from over 40 countries. The 115,000 strong staff is committed to promoting the ING goal of providing excellent assistance in the financial future of each client.

The US division offers investment options, life insurance products, retirement plans, banking, employee benefits, financial planning and much more. With over 30 million clients in the country, it is in the top of each field it works in.

The ING TermSmart policy, one of the newest additions to the ING line-up, may not be for sale in all states and may include state-specific variations. In the state of New York the only products that can be sold are through the ReliaStar Life Insurance Company of New York and TermSmart is not included. Guarantees on products are based on the strength of each issuing company, which is uniquely responsible for the products sold under its name.